Daily Archives: June 15, 2017

Qartli Wind Farm estimation has been completed and it will be exhibited on the electronic auction in the nearest future. Auditing company BDO has already issued the estimation of Qartli Wind Farm, forbes Georgia reports. Georgian Energy Development Fund explained that official document has already been presented to the government. …

According to the survey of European Chamber, Georgia is ranked on the 20th place for The Best European Countries To Start A Business. The rating of Georgia has improved by 4 positions in 2017 compared with 2016, the rating assessment has been increased from 64.7 to 68.6. By this assessment Georgia exceeds …

VTB Bank increased portfolio of preferential agriculture loan by 14% from early this year. According to the bank, 75 projects are funded as of June 15 with a total volume of 8 million GEL. Mamuka Kvaratskhelia, head of Project Management Agency notes on the motivation of banks with state co-subsidizing …

Most of the refrigerated farmer complain about high utility bills. According to Sakstat, 16.1% of owners of active refrigerated farms regard that exactly high utility bills affect the competitiveness. Other factors include lack of relevant equipment / technology, weak access to financial resources, the state tax rate, staff qualification and …

Over the past 5 years JSC TELASI recorded a major rise in profits. In 2016 the company’s net profits marked 38.8 million GEL. In 2015 the figure totaled 6.5 million GEL, in 2014 – 27 million GEL, in 2013 – the company losses made up 37.8 million GEL, while in …

National Tourism Awards 2017 On June 14th Second Tourism and Hospitality Conference within the Welcome to Georgia. National Tourism Awards 2017 was held at the exhibition center Expo Georgia in Conference Hall of Pavilion ІІІ. The Conference was co-organized with Georgian National Tourism Administration and was supported by Ministry of …

Otar Danelia, head of the parliament’s committee for agrarian issues, noted that there is a low activity of nonresidents in terms of making investments in agriculture sector and this is one of the key factors for restricting sales of lands to foreign citizens. “Foreign direct investments are not made in …

Winery Khareba is planning to open a hotel on the way to Trinity Church in Kazbegi. They declared in the company that the construction is practically completed and there are currently trying to locate necessary equipment in the hotel. The hotel will be officially opened in about a month. According …

Completion of the first phase of Anaklia Deep Sea Port will result in creating 300-500 jobs according to the prediction of environmental influence estimation document which was prepared by Royal Haskoning. Local people who will decide to apply for the job, Anaklia Development Consortium will help them to get a …

For any country, one of the most important goals is to increase economy which means to produce more and more high-quality products and services. To say in other words it means higher level of living. Naturally, economic increase is achieved by effective use of the existing resources. Georgia is a …